Injection Molded Plastics Market to Witness an Outstanding Growth with a CAGR of 4.9% By 2020
Global Injection Molded Plastics Market is estimated to reach $162.1 billion by 2020, growing at a CAGR of 4.9% during 2015-2020. Injection molding is a manufacturing process for producing plastic products by injecting molten material into a mold where it is melted, cooled and subsequently solidified as the final part or product. Both thermoplastic and thermosetting injection molded plastics are used for manufacturing of various parts and components across industries. The major thermoplastic polymers used in injection molding are polypropylene, low-density polyethylene, high-density polyethylene, polycarbonate, polystyrene, polyvinyl chloride, polyurethane, polysulfone etc. Epoxy resin, polyester and melamine formaldehyde are some of the thermosetting polymers used for injection molding purpose.
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Key Players:
• BASF SE
• Exxon Mobil
• DuPont
• Dow Chemical Company
• Huntsman Corporation
• LyondellBasell
• Eastman
• SABIC
• CNPC and INEOS.
Segment Review:
World injection molded plastics market is segmented based on the raw material type, application, and geography. On the basis of raw materials, world injection molded plastics market is segmented into polypropylene, high density polyethylene (HDPE), polystyrene and acrylonitrile butadiene styrene including others. Amongst them, polypropylene is the leading raw material used in injection molded plastic owing to its easy to mold nature, electrical insulating properties, heat resistance and low cost. In 2014, polypropylene accounted for around 39% of the world injection molded plastics market.
Geographically, world injection molded plastics market is segmented into North America, Europe, Asia-Pacific, and LAMEA. North America is the leading market for injection molded plastics which accounted for around 35.0% of the total market share in 2014. Asia-Pacific and LAMEA exhibited a large scale demand for injection molded plastics due to the growing application in building & construction, consumer appliances, and automotive industries. Asia-Pacific is expected to grow at CAGR of 5.7% during 2015-2020.
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KEY BENEFITS:
• This injection molded plastics market report provides a detailed analysis of the factors that drive and restrict the market growth.
• The projections of injection molding in plastic industry are based on the analyses of the current trends and future potential for the period of 2014‐2020 in terms of value and volume.
• SWOT analyses of leading players highlight the internal environment of leading companies for effective strategy formulation.
• This report provides the quantitative analysis of the current size and estimations during the period of 2014-2020 to identify the latent opportunities.
• This global injection molded plastics market report provides an exhaustive analysis of the application with respect to the raw material type to understand the trend of preferred raw materials used in each application segment.
• A comprehensive analysis of all geographic regions have been provided to determine the prevailing opportunities present in these regions.
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